In April 2017, Omar Group Limited ("Omar Group" or "the Company"), the leading UK-based park home and luxury lodge manufacturer, announced a significant investment in the business from Rutland Partners (“Rutland”), a London-based private equity firm.
Duff & Phelps served as exclusive financial advisor to Omar Group and its shareholders with respect to the transaction, providing M&A, debt and management advisory services. Terms were undisclosed.
Dean Westmoreland, Omar Group, Group CEO, commented: “It has been a pleasure to work with the Industrials team at Duff & Phelps. They have brought skill and insight to the process, providing focus and sound advice whilst managing to make a very intensive work stream fun. They have delivered an outcome that supports the needs of individual shareholders and leaves the business with a well-matched new investor who will work with me and the team at Omar to take our business to the next level.”
Paul Pleszko will retire as Chairman after 40 years with the Company. He commented: “Congratulations to the Duff & Phelps team on another triumphant and successful transaction. I would like to thank Dafydd and his team for all their sound judgements, dedication and support in making the process both enjoyable and creative.Thank you all for your endeavours in bringing the teams together with such a satisfactory conclusion, a job well done!”
Dafydd Evans, Managing Director at Duff & Phelps, commented: "We have thoroughly enjoyed working with Dean, Paul and the team in finding the right partner to support the business through its next phase of growth. Omar continues to go from strength to strength under its leadership and, together with this new investment, is well-positioned to be a key beneficiary of the strong sector tailwinds. We wish Dean and his team the best of luck and look forward to their continued success."
About Omar Group
Omar Group is a leading park home manufacturer in the UK with over 50 years of manufacturing excellence, offering high-quality residential park homes and luxury holiday lodges. The Company also provides leading supply chain services with the recent addition of consultancy services and a park franchise offering.
About Rutland Partners
Rutland is a leading private equity investor with over twenty five years' experience in investing in and supporting UK based companies. The value of investee companies will usually range from £20 million to £150 million, with Rutland committing between £10 million and £50 million per investment.